Financial Performance - The company reported a revenue of CNY 64,397,114.29, a decrease of 64.48% compared to the same period last year[20]. - The net profit attributable to shareholders was CNY -4,138,727.31, a decline of 121.96% year-on-year[20]. - The basic earnings per share were CNY -0.040, a decrease of 121.05% compared to the previous year[20]. - The company reported an operating loss of CNY 3,292,309.27 compared to an operating profit of CNY 20,698,585.19 in the prior year, reflecting a significant downturn[127]. - Net profit for the first half of 2016 was a loss of CNY 4,138,727.31, contrasting sharply with a net profit of CNY 18,849,241.69 in the same period last year[128]. - The total profit for the first half of 2016 was a loss of CNY 3,138,671.42, compared to a profit of CNY 21,159,688.07 in the same period last year[127]. Cash Flow - The net cash flow from operating activities was CNY 8,748,062.24, contrasting with a negative cash flow of CNY -26,430,201.11 in the previous year[20]. - Cash inflow from operating activities totaled CNY 120,009,821.31, down from CNY 157,478,487.24 in the same period last year[134]. - The company recorded a net increase in cash and cash equivalents of 3,017,931.54 CNY, compared to a much larger increase of 142,103,289.01 CNY in the previous period[136]. - The total cash outflow from operating activities was 111,261,759.07 CNY, down from 183,908,688.35 CNY in the previous period[135]. - The net cash flow from investment activities was -2,172,590.00 CNY, compared to -814,818.00 CNY in the previous period, indicating increased investment outflows[139]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 664,570,154.61, down 7.24% from the previous year[20]. - Total liabilities decreased from CNY 208,077,955.66 to CNY 162,882,703.78, a decrease of about 21.6%[119]. - Total current assets decreased from CNY 666,548,111.89 to CNY 616,340,693.75, a decline of approximately 7.5%[118]. - Total equity decreased from CNY 508,345,975.33 to CNY 501,687,450.83, a decline of approximately 1.3%[120]. Market Challenges and Strategies - The company faced a significant market challenge due to reduced large project initiations in the petrochemical energy construction sector[28]. - The company aims to stabilize its traditional petrochemical construction market while expanding into railway, rail transit, highway, and municipal construction markets[33]. - The company is focusing on expanding into railway, rail transit, highway, and municipal construction markets[28]. - The company aims to strengthen internal management to reduce costs and increase efficiency[28]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The company reported a total share count of 101,340,000, with 66,200,000 shares subject to limited sale conditions, representing 65.32% of total shares[99]. - The largest shareholder, Chen Huili, holds 8.04% of the shares, amounting to 8,148,684 shares, with 1,140,000 shares pledged[104]. - The company has made commitments regarding stock transfer restrictions for major shareholders, effective from May 15, 2015, to May 16, 2018[86][87][88]. Corporate Governance and Compliance - The company has established a modern corporate governance structure in compliance with relevant laws and regulations[66]. - The half-year financial report was not audited, indicating that the financial data may not have undergone external verification[93]. - There were no penalties or rectifications reported during the reporting period, suggesting stable operational compliance[94]. - The company has not undergone any bankruptcy reorganization during the reporting period[68]. Research and Development - Research and development investment decreased by 36.32% to 3,286,700.96, attributed to fewer ongoing projects during the period[31]. - The company has developed new software for three-dimensional modeling in pipeline engineering, enhancing its technological capabilities in the petrochemical engineering sector[37]. - The company maintains a strong technical team, with 262 professional technical personnel, representing 64.50% of the total workforce[38]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[155]. - The company uses Renminbi as its functional currency for financial reporting[161]. - The company recognizes impairment losses for financial assets measured at cost or amortized cost, reducing their carrying amount to the present value of expected future cash flows[178]. - The company applies the cost method for long-term equity investments that do not involve control, recognizing investment income based on declared dividends[192].

Financial Performance - The company's operating revenue for Q1 2016 was ¥32,830,013.70, a decrease of 62.17% compared to ¥86,776,912.20 in the same period last year[7] - The net profit attributable to shareholders for Q1 2016 was a loss of ¥5,296,032.53, representing a decline of 144.99% from a profit of ¥11,770,626.72 in the previous year[7] - The basic and diluted earnings per share for Q1 2016 were both -¥0.05, down 126.32% from ¥0.19 in the previous year[7] - Operating revenue fell by 62.17% to ¥32,830,013.70 from ¥86,776,912.20, primarily due to a slowdown in the domestic economy and reduced demand from major clients[13] - Operating costs decreased by 51.57% to ¥30,678,949.43 from ¥63,347,379.11, attributed to lower business volume in the construction industry[13] - The company expects to incur a loss in operating performance for the first half of 2016[24] - The decline in performance is attributed to the slowdown in domestic economic growth and reduced investment demand from major clients[25] Cash Flow and Assets - The net cash flow from operating activities was ¥12,524,907.11, a significant improvement from a negative cash flow of ¥21,190,738.33 in the same period last year[7] - Total assets at the end of the reporting period were ¥679,489,197.40, a decrease of 5.16% from ¥716,423,930.99 at the end of the previous year[7] - The net assets attributable to shareholders decreased by 1.04% to ¥503,049,942.80 from ¥508,345,975.33 at the end of the previous year[7] - Accounts receivable decreased by 67.66% to ¥2,500,000 from ¥7,730,910.90 due to the maturity of bills[13] - Intangible assets increased by 97.23% to ¥662,904.02 from ¥336,111.98 due to the addition of new intangible assets[13] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,079[10] - The largest shareholder, Chen Huili, holds 8.04% of the shares, amounting to 8,148,684 shares[10] - The company has made commitments regarding shareholding and management, ensuring stability in shareholder structure for the next 36 months[16] - The company has committed to not transferring or entrusting its shares for 36 months from the date of listing[17] - The board members and senior management have pledged that their share transfers during their tenure will not exceed 25% of their total shares held[18] - The company has a lock-up period for its shares, which will last until May 15, 2020, after which there are specific conditions for share reduction[18] - The company has committed to not selling shares during the lock-up period, which ends in May 2020[22] - The company has made commitments to small and medium shareholders, which have been fulfilled on time[23] Operational Commitments and Investor Relations - The company plans to implement a stock price stabilization plan within 30 days and will announce the specific implementation details[19] - If the company's stock price falls below 120% of the net asset value per share for five consecutive trading days, it will hold an investor meeting within 10 working days[18] - The company will repurchase shares if the prospectus contains false records or misleading statements that materially affect the judgment of compliance with legal issuance conditions[20] - The controlling shareholder has committed to avoiding any potential competition with the company in the future[20] - The company will ensure that any share repurchase price will not be lower than the issuance price plus bank interest during the same period[19] - The company has established a commitment to bear joint liability for direct losses caused to investors due to any false statements in the prospectus[20] - The company will hold in-depth communications with investors regarding its operational status and financial indicators[18] - The company is actively engaging with investors, as evidenced by a site visit on January 22, 2016[28] Financial and Operational Violations - The company reported no violations regarding external guarantees during the reporting period[26] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[27]

Financial Performance - The company's operating revenue for 2015 was ¥278,157,189.48, a decrease of 40.93% compared to ¥470,869,196.92 in 2014[18]. - The net profit attributable to shareholders for 2015 was ¥18,864,536.34, down 49.70% from ¥37,504,227.28 in the previous year[18]. - The basic earnings per share for 2015 was ¥0.21, a decline of 57.14% from ¥0.49 in 2014[18]. - The total profit for 2015 was CNY 23.02 million, down 48.80% year-on-year, while the net profit attributable to shareholders was CNY 18.86 million, a decline of 49.70%[38]. - The company reported a gross margin of 27.41% for the geotechnical engineering segment, which decreased by 10.35% compared to the previous year[43]. - The company reported a significant reduction in sales expenses, which were CNY 6,218,522.89, down from CNY 6,734,154.37, a decrease of 8%[188]. - The company recorded an asset impairment loss of CNY 12,342,819.59, down from CNY 23,152,296.82, a reduction of 47%[188]. - The total comprehensive income amounted to CNY 15,288,390.81, compared to CNY 32,161,836.22 in the previous period, indicating a significant decrease[192]. Assets and Liabilities - The total assets at the end of 2015 amounted to ¥716,423,930.99, representing a 22.96% increase from ¥582,656,315.31 in 2014[18]. - The company's total liabilities amounted to RMB 208,077,955.66, down from RMB 249,044,142.42, indicating a reduction of about 16.5%[182]. - The company's equity attributable to shareholders increased to RMB 508,345,975.33 from RMB 333,612,172.89, reflecting a growth of approximately 52.5%[183]. - Cash and cash equivalents at the end of the period were RMB 254,178,458.31, compared to RMB 100,873,114.28 at the beginning of the year, marking a significant increase of about 151%[180]. - Accounts receivable decreased to RMB 349,810,115.16 from RMB 367,864,337.88, a decline of approximately 4.5%[180]. Cash Flow - The net cash flow from operating activities for 2015 was negative at ¥802,677.82, an improvement from a negative ¥35,296,990.98 in 2014[18]. - Cash inflows from operating activities totaled CNY 290,709,972.15, down from CNY 340,727,604.46, reflecting a decline of approximately 14.7%[194]. - The net cash flow from financing activities was CNY 155,869,266.10, a turnaround from a negative CNY -11,460,000.00 in the previous period[195]. - The cash outflow for investing activities was CNY 2,287,946.95, down from CNY 21,871,429.31, showing a reduction in investment expenditures[194]. Research and Development - The company has developed three core technologies: "Large Tank Comprehensive Foundation Treatment Technology," "Cave Investigation Integration Technology," and "GIS Information Comprehensive Management System"[29]. - The company has increased its R&D investment to ¥20,976,300.08 in 2015, a 57.80% increase from ¥13,293,000.00 in 2014, representing 7.54% of total revenue[53]. - The number of R&D personnel rose to 173, a 24.46% increase from 139 in 2014, with the proportion of R&D staff increasing to 48.20%[53]. - The company is conducting over ten research projects focused on geotechnical engineering and GIS technology to enhance its market competitiveness[51]. Market Strategy and Operations - The company has adjusted its business strategy in response to the economic "new normal," focusing on market expansion and internal management improvements[38]. - The company plans to increase efforts in overseas market development, leveraging the "Belt and Road" initiative to enhance international operational capabilities and efficiency[71]. - The company aims to enhance market development efforts, focusing on traditional petrochemical markets and expanding into external markets such as railways, municipal projects, and large private enterprises[76]. - The company is actively pursuing mergers and acquisitions to enhance its industry chain and expand profit margins amid a challenging market environment[80]. Corporate Governance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring operational independence from its controlling shareholders[158]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, effective from May 15, 2015[93]. - The company is in normal compliance with all commitments made during the public offering process[92]. - The company has established a systematic approach to contract management, ensuring effective oversight and control over project contracts and financial settlements[76]. Shareholder Information - The largest shareholder, Chen Huili, holds 8.04% of the shares, amounting to 8,148,084 shares[132]. - The company has no preferred shares outstanding during the reporting period[136]. - The total number of shareholders at the end of the reporting period was 14,972, compared to 15,450 at the end of the previous month[131]. - The company has not reported any significant changes in its shareholder structure or control relationships[135]. Compliance and Legal Matters - There are no significant lawsuits or arbitration matters reported during the period, indicating a stable legal standing[104]. - The company has not faced any penalties or corrective actions during the reporting period, indicating compliance with regulations[105]. - The audit opinion issued was a standard unqualified opinion, confirming the fair presentation of the financial statements[173].

Financial Performance - In 2015, the company's operating revenue was CNY 278,157,189.48, a decrease of 40.93% compared to CNY 470,869,196.92 in 2014[19] - The net profit attributable to shareholders was CNY 18,864,536.34, down 49.70% from CNY 37,504,227.28 in the previous year[19] - The basic earnings per share decreased by 57.14% to CNY 0.21 from CNY 0.49 in 2014[19] - The total profit for 2015 was CNY 2,301.70 million, down 48.80% year-on-year, while the net profit attributable to shareholders was CNY 1,886.45 million, a decline of 49.70%[40] - The company reported a significant loss of 216,052.31 million in other non-operating income and expenses in 2015, compared to a gain of 328,891.29 million in 2014[25] - Total operating revenue decreased to ¥278,157,189.48 from ¥470,869,196.92, representing a decline of approximately 41% year-over-year[191] - Net profit attributable to the parent company was ¥18,864,536.34, down from ¥37,504,227.28, indicating a decline of approximately 50% year-over-year[192] - Operating profit was ¥22,768,906.88, down from ¥44,637,379.41, reflecting a decrease of approximately 49% year-over-year[191] Assets and Liabilities - The total assets at the end of 2015 were CNY 716,423,930.99, an increase of 22.96% from CNY 582,656,315.31 at the end of 2014[19] - The net assets attributable to shareholders rose by 52.38% to CNY 508,345,975.33 from CNY 333,612,172.89 in 2014[19] - Total liabilities decreased to ¥208,077,955.66 from ¥249,044,142.42, indicating a reduction of about 16.5%[185] - Owner's equity increased to ¥508,345,975.33 from ¥333,612,172.89, showing a growth of approximately 52.5%[186] - The total assets rose to ¥716,423,930.99 from ¥582,656,315.31, which is an increase of about 23.0%[186] Cash Flow - The company reported a negative net cash flow from operating activities of CNY -802,677.82, an improvement from CNY -35,296,990.98 in 2014[19] - The net cash flow from financing activities was ¥155,869,266.10 in 2015, significantly influenced by funds raised from the company's IPO[58] - The ending balance of cash and cash equivalents increased to 254,178,458.31 yuan, compared to 100,873,114.28 yuan at the beginning of the period, reflecting a net increase of 153,305,344.03 yuan[198] - Cash inflow from operating activities totaled 266,845,368.44 yuan, while cash outflow was 264,903,726.24 yuan, resulting in a positive cash flow from operations[200] Research and Development - The company has developed three core technologies: "Large Tank Comprehensive Foundation Treatment Technology," "Cave Investigation Integration Technology," and "GIS Information Comprehensive Management System"[30] - The company has developed 8 invention patents and 18 utility model patents, enhancing its technological capabilities in geotechnical engineering[40] - Research and development investment increased by 57.80% to ¥20,976,300.08 in 2015, representing 7.54% of total operating revenue[55] - The number of R&D personnel increased by 24.46% to 173, making up 48.20% of the workforce[55] - The company is currently conducting over ten research projects focused on geotechnical construction and engineering surveying, enhancing its core technical capabilities[54] Market and Competition - The engineering construction industry is facing intensified competition and declining performance due to the slowdown in economic growth[73] - The company aims to enhance market development efforts, focusing on stabilizing revenue by expanding into external markets such as railways, municipal projects, and large private enterprises[78] - The company plans to increase efforts in overseas market development, particularly in the context of the "Belt and Road" initiative, to enhance international operational capabilities[73] Corporate Governance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, improving internal control systems[158] - The independent directors actively participated in board meetings and did not raise any objections to company matters during the reporting period[163] - The audit committee held four meetings in 2015 to review internal audit reports and guide the audit department's work[167] - The company reported no significant internal control deficiencies during the reporting period[171] Shareholder Information - The company completed its initial public offering (IPO) on May 6, 2015, issuing 25,340,000 shares at a price of 7.49 RMB per share, raising a net amount of approximately 163.47 million RMB[130] - Following the IPO, the total number of shares increased from 76,000,000 to 101,340,000, resulting in a significant increase in net assets and a substantial reduction in the debt-to-asset ratio[131] - The controlling shareholder has pledged to maintain a lock-up period for shares held, with a commitment to not sell or transfer shares for 36 months[97] - The company has committed to not selling shares for 36 months post-IPO, ensuring stability in shareholding[95] Employee Information - The total number of employees in the company is 411, with 349 in the parent company and 62 in major subsidiaries[152] - The company has established a comprehensive salary and performance assessment management system for its directors and senior management[149] - The company achieved a full employee training rate of nearly 100% in 2015, enhancing both individual employee quality and overall company productivity[155] Risks and Challenges - The company has identified risks related to macroeconomic conditions and industry trends, noting a significant decline in fixed asset investments from major clients, which could impact future growth[83] - The company has experienced a downward trend in performance in 2014 and 2015, with expectations of continued challenges unless new market opportunities are pursued[83]

Financial Performance - Operating revenue decreased by 66.44% to ¥27,506,438.07 compared to the same period last year[6] - Net profit attributable to shareholders increased by 942.38% to ¥441,455.50 compared to the same period last year[6] - Basic earnings per share increased by 450.00% to ¥0.044 compared to the same period last year[6] - Cash flow from operating activities showed a net outflow of ¥41,820,121.60, a decrease of 79.37% compared to the same period last year[6] - The estimated net profit attributable to shareholders for 2015 is expected to range from 18.75 million to 30.00 million RMB, representing a decrease of 20% to 50% compared to 37.50 million RMB in 2014[15] - The decline in performance is attributed to the continued sluggishness of large new projects in the petrochemical industry and intense competition in geotechnical and surveying engineering markets[15] Assets and Shareholder Equity - Total assets increased by 19.41% to ¥695,724,342.84 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 52.77% to ¥509,672,136.18 compared to the end of the previous year[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,097[10] - The largest shareholder, Chen Huili, holds 8.04% of the shares, totaling 8,148,684 shares[10] - The company did not conduct any repurchase transactions during the reporting period[11] Return on Equity - Weighted average return on equity decreased by 13.55% to 4.58% year-to-date[6]

Financial Performance - The company's operating revenue for the first half of 2015 was ¥181,323,672.95, a decrease of 13.68% compared to the same period last year[19]. - The net profit attributable to shareholders was ¥18,849,241.69, representing a year-on-year increase of 24.31%[19]. - The total profit for the period was ¥21,159,688.07, which is an increase of 15.88% year-on-year[24]. - The basic earnings per share decreased by 5.00% to ¥0.19[19]. - The company's operating revenue for the first half of 2015 was ¥181,323,672.95, a decrease of 13.68% compared to the same period last year[26]. - The net profit for the current period is CNY 17,264,293.38, representing an increase of 21.0% from CNY 14,150,766.17 in the previous period[138]. - The total comprehensive income for the current period is CNY 18,849,241.69, up from CNY 15,163,527.46 in the previous period[140]. - The total comprehensive income for the first half of 2015 was CNY 37,504,227.28[151]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥759,207,478.81, up 30.30% from the end of the previous year[19]. - The total liabilities decreased from ¥230,000,000 to ¥220,000,000, a reduction of approximately 4.3%[125]. - Total assets at the end of the period were CNY 699,238,144.84, up from CNY 524,013,202.78 at the beginning of the period[133]. - The company's equity increased to CNY 486,949,464.51 from CNY 305,233,013.91, indicating a growth of approximately 59.5%[133]. - The cash and cash equivalents at the end of the period amount to CNY 242,976,403.29, an increase from CNY 103,903,745.17 at the beginning of the period[144]. - The total cash inflow from financing activities reached 169,796,600.00 CNY, with a net cash flow of 169,348,308.12 CNY, a significant recovery from -9,180,000.00 CNY in the prior period[146]. Cash Flow - The operating cash flow for the period was -¥26,430,201.11, an improvement of 25.33% compared to the previous year[19]. - The net cash flow from operating activities is CNY -26,430,201.11, an improvement from CNY -35,397,024.31 in the previous period[143]. - The total cash inflow from operating activities was primarily driven by sales of goods and services, which totaled 133,590,769.45 CNY, down from 145,107,781.93 CNY in the previous period[145]. Market Strategy and Expansion - The company plans to continue expanding its market presence both domestically and internationally in the second half of 2015[24]. - The company aims to expand its market presence by developing international petrochemical engineering markets and establishing overseas subsidiaries[31]. - The company will leverage its capital financing platform following its successful listing on May 15, 2015, to support future growth[24]. Technological Development and Innovation - The company is committed to technological development, having registered a software copyright for underground cavern information management, reinforcing its leading position in the domestic cavern investigation field[37]. - The company has developed several proprietary technologies, including the large oil tank water preloading method and small diameter bored pile construction technology, which have received provincial and ministerial level recognition[41]. - The company has obtained 7 invention patents and 18 utility model patents related to its innovative construction equipment and techniques[41]. Human Resources - The company has a total of 265 technical personnel, accounting for approximately 64.01% of the total workforce, with 141 senior technical personnel representing 53.21% of the technical staff[41]. - The company will continue to focus on talent development, particularly for technical personnel and project managers, to strengthen its operational capabilities[33]. Compliance and Governance - The half-year financial report was not audited, and there were no changes in the accounting firm during the reporting period[92][93]. - There were no penalties or rectifications reported during the reporting period, indicating compliance with regulations[94]. - The company has confirmed its ability to continue as a going concern for the next 12 months[161]. Shareholder Information - The company distributed a cash dividend of RMB 0.75 per 10 shares to all shareholders, which was implemented on August 12, 2015[64]. - The total number of common shareholders at the end of the reporting period is 19,130[104]. - The largest shareholder, Chen Huili, holds 8.04% of the shares, amounting to 8,148,084 shares[104]. Fundraising and Capital Management - The company reported a total fundraising amount of RMB 16,346.98 million, with no funds utilized during the reporting period[53]. - The company has committed a total investment of RMB 13,214.98 million for engineering capacity enhancement and enterprise information technology construction projects, with no funds utilized as of the report date[56]. - The company has also committed RMB 3,132 million for the research and development center construction project, with no funds utilized as of the report date[56].

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 181,323,672.95, a decrease of 13.68% compared to the same period last year[19]. - The net profit attributable to shareholders for the same period was CNY 18,849,241.69, representing an increase of 24.31% year-on-year[19]. - The total profit for the company was CNY 21,159,688.07, which is a 15.88% increase compared to the previous year[24]. - The basic earnings per share decreased by 5.00% to CNY 0.19 compared to the same period last year[19]. - The expected net profit attributable to shareholders for the period from January to September 2015 is projected to be between RMB 15,809,000 and RMB 20,551,700, representing a change of 0% to 30% compared to the same period in 2014[63]. - The total comprehensive income for the first half of 2015 was CNY 37,504,227.28[151]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 759,207,478.81, reflecting a 30.30% increase from the end of the previous year[19]. - The total liabilities decreased from ¥230,000,000 to ¥220,000,000, a reduction of approximately 4.3%[125]. - The total liabilities were CNY 212,288,680.33, a slight decrease from CNY 218,780,188.87 in the previous period[132]. - The company's cash and cash equivalents increased to ¥242,976,403.29 from ¥100,873,114.28, representing a growth of 141.5%[123]. - The total owner's equity at the end of the reporting period was CNY 305,233,013.91, reflecting an increase from the previous period[156]. Cash Flow - The operating cash flow for the first half of 2015 was a negative CNY 26,430,201.11, an improvement of 25.33% from the previous year[19]. - The company reported a significant increase in cash flow from financing activities, amounting to CNY 169,348,308.12, a 1,944.75% increase due to new share issuance[26]. - The net increase in cash and cash equivalents was CNY 142,103,289.01, representing a 413.85% increase, primarily from funds raised through new stock issuance[26]. - The net cash flow from operating activities was CNY -26,430,201.11, an improvement from CNY -35,397,024.31 in the previous period[143]. - The total cash inflow from financing activities reached 169,796,600.00 CNY, with a net cash flow of 169,348,308.12 CNY, a significant recovery compared to -9,180,000.00 CNY in the prior period[146]. Investments and Financing - The company plans to leverage its capital financing platform post-IPO to support future growth and transformation[24]. - The company reported a total fundraising amount of RMB 18,979.66 million, with a net amount of RMB 16,346.98 million after deducting related expenses[53]. - The company completed its initial public offering (IPO) on May 6, 2015, issuing 25,340,000 shares, increasing total shares from 76,000,000 to 101,340,000[99]. - The net proceeds from the IPO amounted to approximately ¥163.47 million, with ¥25.34 million allocated to share capital and ¥138.13 million to capital reserves[102]. Operational Strategy - The company is focusing on cost reduction and efficiency improvement to enhance profitability amidst a challenging market environment[23]. - The company plans to enhance internal management and optimize project management to improve profitability during economic downturns[30][31]. - The company aims to expand its market presence both domestically and internationally in the second half of 2015[24]. - The company aims to expand its market presence by developing international petrochemical engineering markets and establishing overseas subsidiaries[31]. Technological Development - The company is committed to technological development, having achieved software copyright registration for its underground cavern information management software[37]. - The company has developed several proprietary technologies, including the large oil tank water preloading method and small diameter grouting pile rotary drilling construction technology, which have received provincial and ministerial-level recognition[41]. - The company has obtained 7 invention patents and 18 utility model patents related to its innovative construction equipment and techniques[41]. Human Resources - The company emphasizes talent development, focusing on training mid-to-senior management and technical personnel to strengthen its workforce[33]. - As of June 30, 2015, the company had a total of 414 employees, with 265 professional technical personnel, accounting for approximately 64.01% of the total workforce[44]. - The company has a balanced structure of technical personnel, with 141 senior and intermediate technical staff, accounting for 53.21% of the technical personnel[44]. Compliance and Governance - The half-year financial report was not audited, and there were no changes in the accounting firm compared to the previous year[92][93]. - The company has established a comprehensive HSE management system and has been certified in quality, environmental, and occupational health and safety management systems[44]. - The company has not engaged in any related party transactions during the reporting period[78]. - There were no major litigation or arbitration matters during the reporting period[70]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,130[104]. - The largest shareholder, Chen Huili, holds 8.04% of the shares, amounting to 8,148,084 shares[104]. - The company distributed cash dividends of RMB 0.75 per 10 shares to all shareholders, totaling RMB 76,005,000, which was implemented on August 12, 2015[64]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[160]. - The company’s accounting policies are based on historical cost measurement, with provisions for asset impairment as necessary[162]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired on the purchase date[169].